RTGS

Thursday, Apr 25, 2024 | Last Update : 09:13 PM IST

The RBI has asked the member banks to keep adequate liquidity in their current account with the regulator at all times to facilitate successful posting of NEFT batch settlements. (Photo: ANI)

NEFT transactions to be available 24x7 from Dec 16

RTGS is meant for large-value instantaneous fund transfers, while NEFT is used for fund transfers of up to Rs 2 lakh.

07 Dec 2019 11:26 AM

RTGS System is available for customer transactions from 0800 hours to 1800 hours and for inter-bank transactions from 0800 hours to 1945 hours. (Photo: Pexels)

RTGS system for customer transactions to open at 7 am from Aug 26: RBI

The NEFT system is used for fund transfers of up to Rs 2 lakh, and RTGS for those above this threshold.

22 Aug 2019 8:47 AM

The Maharashtra government has waived off school and junior college fees of students from drought-affected areas. In addition to this, practical, marksheet and certificate charges, which were not waived off till now, will be scrapped as well. (Photo: PTI)

State waives fees for drought-hit kids

The government directed the state-owned MSRTC to issue free renewal of passes to students of schools and junior colleges.

02 Aug 2019 3:41 AM

Along with customer convenience, the waiver in NEFT, IMPS and RTGS charges will attract more customers towards digital transactions, said SBI. (Photo: File | PTI)

State Bank of India waives off IMPS, NEFT and RTGS charges

This means that SBI account holders will not have to pay fees for online money transfers.

12 Jul 2019 3:10 PM

NEFT, RTGS charges to be off from July 1

The Reserve Bank of India on Tuesday said it will waive all charges on fund transfer through popular RTGS and NEFT systems from July 1.

12 Jun 2019 3:54 AM

Walmart India, a wholly-owned subsidiary of Walmart Inc, on Thursday activated unified payments interface (UPI) for all its registered members. (Photo: AFP)

Walmart India activates UPI on its B2B e-commerce platform

UPI is in addition to various other payment modes such as credit card, debit card, net banking and e-wallets.

16 Aug 2018 1:40 PM

Then an idea struck him to loot job seekers and he involved Arun and Vinay for committing crime. (Photo: File/Representational)

Ex-bank officer among three held for cheating

One person, Ranjit, who was present at the spot was apprehended by the police.

31 Mar 2018 4:58 AM

Online NEFT transactions attracted a fee of Rs 2.5 for less than Rs 10,000, Rs 5 for Rs 10,001-1 lakh and Rs 15 for above Rs 1 lakh to Rs 2 lakh.

HDFC Bank makes RTGS, NEFT online transactions free from Nov 1

NEFT or RTGS transaction carried out at the bank branch will be payable.

06 Nov 2017 5:08 PM

In November last year, the central government had also decided to promote digitisation of payments following the announcement of demonetisation of Rs 500 and Rs 1,000 notes.

AAP for full digitisation of government departments

The Delhi government finance department has also issued a circular asking all its departments to adopt digital mode of payments at the earliest.

04 Sep 2017 2:20 AM

State Bank of India is country's largest lender.

SBI revises IMPS charges, scraps fee for Rs 1,000 transaction

Country's largest public sector bank says move aims to promote small ticket transactions.

08 Aug 2017 2:52 PM

SBI slashed NEFT, RTGS transactions by 75 per cent.

New NEFT, RTGS fees for SBI customers started today

Also, new revised charges for NEFT, RTGS will attract GST rate of 18 per cent.

15 Jul 2017 5:55 PM

SBI will cut charges on electronic transfer of funds through NEFT and RTGS by up to 75 per cent from Saturday.

Pay 75 per cent less for NEFT, RTGS transactions with SBI

SBI has also waived charges for fund transfer of up to Rs 1,000 done through Immediate Payment Service (IMPS).

13 Jul 2017 6:53 PM

SBI reduced the NEFT and RTGS charges up to 75 per cent.

SBI: Charges for NEFT, RTGS slashed by 75 per cent

SBI also waived charges for fund transfer of up to Rs 1,000 through IMPS to promote small transactions.

13 Jul 2017 12:56 PM

RBI allows 23 NEFT transfers: Things you should know

At present, RBI allows banks to conduct NEFT funds transfers in batches from 8 am to 7 pm.

09 May 2017 2:53 PM

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Dilip Cherian